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BBVA raises Sabadell bid by 10% in Spanish banking deal

Spanish bank BBVA said today it had raised its bid for smaller rival Sabadell by 10% to €17 billion, as part of its attempt to create the country's second-biggest bank by assets.

Business • 22 Sep

BBVA launches €14.8 billion takeover bid for Sabadell

Spanish bank BBVA today formally launched its €14.8 billion hostile takeover bid for Sabadell, with some analysts expecting it will have to raise its offer as shares in its smaller rival have surged past the original price.

Business • 08 Sep

BBVA to proceed with Sabadell bid despite govt condition

Spain's BBVA has said it would move ahead with its hostile takeover bid for Sabadell despite the government effectively blocking it from fully merging with its smaller rival for at least three years.

Business • 01 Jul

Sabadell gets expressions of interest for UK unit TSB

Spain's Sabadell said it had received preliminary non-binding expressions of interest for its British unit TSB and will assess any potential binding offer it may receive.

Business • 17 Jun

Spanish regulators have launched an in-depth review of BBVA's deal for Sabadell

BBVA's Sabadell bid mired in concerns over Mexico

BBVA's long pursuit of Sabadell is becoming even longer, with Spanish regulators launching an in-depth review of its bid, which fell further in value after Donald Trump's US election victory fuelled concerns over its Mexican business.

Business • 13 Nov 24

BBVA first launched a bid for all Sabadell shares, worth more than €12 billion, in April

BBVA adjusts offer for Sabadell after dividend payments

Spain's BBVA said today that it had adjusted its takeover offer for Sabadell to take into account interim dividend payments from both lenders to shareholders in order to maintain the economic terms of the bid.

Business • 02 Oct 24

BBVA launched a €12 billion bid for all Sabadell shares in April, which turned hostile in May

BBVA has no intention of increasing Sabadell offer

Spanish bank BBVA has no intention of increasing its offer for smaller rival Sabadell, Chairman Carlos Torres said today.

Business • 17 Sep 24

Combining BBVA and Sabadell would create a bank with more than €1 trillion in total assets

ECB gives green light to BBVA's acquisition of Sabadell

The European Central Bank has authorised BBVA's offer for Sabadell part of the regulatory process for the Spanish bank's hostile bid for its smaller rival.

Business • 06 Sep 24

The UK's Prudential Regulation Authority has given a green light to BBVA to take indirect control of TSB, the British unit of Spain's Sabadell

BBVA secures UK approval for deal for Sabadell's unit TSB

Britain's Prudential Regulation Authority has given a green light to BBVA to take indirect control of TSB, the British unit of Spain's Sabadell, BBVA said today.

Business • 03 Sep 24

Spain's BBVA has launched a €12.28 billion hostile takeover bid for rival Banco Sabadell

Spain's BBVA difficult to assess, supervisor says

The potential impact of an alleged spying case on Spain's second-biggest bank BBVA is difficult to estimate in terms of fines or reputational damage, the head of Spain's stock market supervisor, Rodrigo Buenaventura, said today.

Business • 21 Jun 24

Spanish lender BBVA has made a hostile bid for rival Sabadell

Euro zone's fragmented banking industry

Supporters for more consolidation in the euro zone's banking sector have been watching Spanish lender BBVA's hostile bid for Sabadell, alongside comments from some supervisors and politicians supporting the idea of more tie-ups.

Business • 18 Jun 24

BBVA is Spain's second-biggest bank by market value after Santander

Spanish government opposes BBVA's €12bn Sabadell bid

Spain's government opposes BBVA's hostile takeover bid for its smaller rival Sabadell, Economy Minister Carlos Cuerpo said today.

Business • 09 May 24

BBVA and Banco Sabadell failed to reach an agreement on the financial terms of the potential merger deal

Spain's BBVA and Sabadell call off merger talks

Spanish lenders BBVA and Banco Sabadell have called off merger talks after failing to agree financial terms, prompting Sabadell to consider options for its British unit TSB.

Business • 27 Nov 20

If a BBVA/Sabadell deal goes ahead, the new bank would have nearly €600 billion in assets in Spain

BBVA-Sabadell talks to create Spain's 2nd biggest bank

BBVA and smaller rival Sabadell said they are in talks to create Spain's second-biggest domestic lender by assets, the latest move in the accelerating consolidation of the Spanish banking sector.

Business • 17 Nov 20

Today's deal has prompted speculation BBVA could now use the cash to buy up a rival bank in its domestic market

Spain's BBVA to sell US banking arm to PNC

Spain's BBVA is to sell its US business to PNC Financial Services Group for $11.6 billion in cash, in one of the biggest global banking deals this year.

Business • 16 Nov 20

Caixabank posted a net profit of €704m for the first three months of the year

Spanish banks beat forecasts despite lending challenges

Spanish banks BBVA and Caixabank today bettered first-quarter net profit forecasts helped by overseas markets which offset a squeeze on lending income at home.

Business • 27 Apr 18